Virgin reduces it's low deposit mortgage rates.
Virgin Money has announced various improvements to it's smaller deposit mortgage range to help more buyers climb on or up the property ladder.
Several new products are now available to buyers including a 2 year fix for up to 90% LTV at a rate of 3.19%.
Also available to lower deposit buyers is a 3 year fix for up to 90% LTV at 3.59% and a 5 year fix for up to 90% LTV at 3.79%. All newly launched deals come with a £995 fee.
As an added incentive the lender is offering £500 cashback to first time buyers and £300 cashback to existing home-owners making a new property purchase.
For buyers who can only manage a 5% deposit new low rate deals are also on offer and include a 2 year fix for up to 95% LTV at 4.39%.
For those with a 25% deposit a 3 year fix for up to 95% LTV is on offer at 2.75% and a 5 year fix for the same LTV is on offer at 3.20%.
If you would like to review the lender’s range and make a comparison of the new deals on offer against the wider market, call us at Deal Direct on 0800 048 8828.
We are an independent broker with expertise finding low rate tailored made mortgages to help first time buyers climb on the property ladder, existing home-owners move up the property ladder or remortgage and landlords invest in rental property.
For advice and a low rate quote call us on 0800 048 8828.
